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Congress is looking to eliminate the EV tax credit.
Congress is considering eliminating the $7,500 electric vehicle tax credit, and that could be devastating to the bottom line for Rivian (RIVN 1.25%) and Tesla (TSLA -2.19%). Is the future of EVs in question?
*Stock prices used were end-of-day prices of May 6, 2025. The video was published on May 7, 2025.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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